The US Wall Street Journal quoted sources saying that the U.S. Department of the Treasury is formulating a new rule that restricts Chinese companies from acquiring U.S. technology companies. At the same time, the U.S. National Security Council and the Ministry of Commerce are jointly developing new rules to further strengthen Technical export restrictions.
According to the report, the new rules drafted by the Ministry of Finance prohibit companies that have at least 25% of their shares controlled by China from acquiring US companies in important industrial technology fields. The National Security Council and the Ministry of Commerce are focusing on how to increase import and export control mechanisms to guard against important industrial technologies. It is delivered to China. The report said that these two measures may be introduced within one week and the purpose is to respond to the “Made in China 2025” plan launched by Beijing.
The White House, the Ministry of Commerce, and the Ministry of Finance did not immediately respond to this report.
Last week, US Department of Defense officials said that the Pentagon is reviewing some U.S. Universities also cooperate with the U.S. Department of Defense and Chinese companies. The official said that the Chinese government is operating on the one hand and on the other, it is necessary for Chinese companies to make full use of the open academic environment of the United States.
Earlier, the White House announced that in view of China’s unfair practices over the years to obtain US intellectual property rights and other unfair trade practices, the United States will impose a 25% tariff on China’s US $50 billion worth of products containing major industrial technologies, immediately in Beijing. After a reciprocal response, the White House stated that it is preparing a list of 200 billion U.S.
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Nice good work
Hey! Thanks
good one !! all countries should reduce there dependency on china
India should also come up with a policy
Instead of putting each other down, every country should believe in humanity and do the work as a team.